​​4 Cheap Food Stocks With Big Earnings Growth. The key for i | Market Ranger

​​4 Cheap Food Stocks With Big Earnings Growth.

The key for investors may be finding the producers whose growth will stand out this year, while not paying a premium for it.

Average analyst estimates call for most consumer staples companies to notch more modest earnings-per-share percentage growth in 2022, in the single-digits year over year. That makes sense: The pandemic boost is fading, food prices have risen, and consumers don’t have stimulus checks to spend at the grocery store this year, as they did in 2021.

Yet there are still some companies that may see stronger growth this year. Barron’s screened for food producers with a market capitalization of at least $1 billion, whose consensus estimates imply double-digit percentage growth for per-share earnings in 2022 from the year before. We then excluded the companies with less than a 20% expected increase, and the stocks trading at more than 35 times forward earnings. That left us with four names.

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**The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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